Shared by
dpaleo
Tags:
Fade
1min double top off $118 a clear signal that i have to take. Instead of short 1-2k shs at $117.65 i short 500 at $116.53. Huge difference. And then leave a ton of meat on the bone that was ripe for the picking after yesterdays gamma induced squeeze higher. All those calls decayed hard today.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-06-09 10:27:10 | BABA | -500 | $116.530 | -500 |
| 2022-06-09 10:33:31 | BABA | -200 | $116.110 | -700 |
| 2022-06-09 10:35:17 | BABA | 200 | $115.080 | -500 |
| 2022-06-09 10:42:17 | BABA | 100 | $114.580 | -400 |
| 2022-06-09 10:42:40 | BABA | 100 | $114.320 | -300 |
| 2022-06-09 10:50:52 | BABA | 100 | $113.920 | -200 |
| 2022-06-09 10:51:06 | BABA | 100 | $113.770 | -100 |
| 2022-06-09 10:53:40 | BABA | 50 | $113.300 | -50 |
| 2022-06-09 10:59:41 | BABA | 50 | $113.350 | 0 |
Comments
dpaleo
2022-06-24 12:50:27
thanks bud. You can see it in the character of the relentless price action but mainly from monster volume in the options, usually nearest dated and OTM
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Great trade bud. May I ask how to spot a Gamma induced squeeze?